"As part of the arrangement, OpenAI and Microsoft announced changes to their partnership that leave the tech giant with a 27% stake in the ChatGPT-maker. The deal changes the relationship between the two companies, which first partnered in 2019, when OpenAI was a non-profit artificial intelligence (AI) research organisation. Under the terms, Microsoft can now pursue artificial general intelligence - sometimes defined as AI that surpasses human intelligence - on its own or with other parties, the companies said."
"OpenAI also said it was convening an expert panel that will verify any declaration by the company that it has achieved artificial general intelligence. The company did not share who would serve on the panel when approached by the BBC. Microsoft will also support OpenAI's board with the conversion to a for-profit entity, which the company has confirmed boss Sam Altman will not hold an equity stake in, as first reported by Bloomberg."
"The original partnership between the companies gave Microsoft rights to much of what OpenAI produced at a time when the startup was hungry for cloud computing resources. OpenAI has since gone on a deal spree with a host of other major tech players leading to speculation that an AI bubble may be in the offing. The revised deal extends Microsoft's rights to OpenAI's AI models through to 2032 but excludes consumer hardware."
OpenAI completed a conversion to a for-profit entity, enabling the company to raise significant investment and potentially pursue a stock market debut. Microsoft acquired a 27% stake and secured expanded rights to OpenAI models through 2032, with consumer hardware excluded. Under the revised terms, Microsoft may pursue artificial general intelligence independently or with other partners. OpenAI will convene an expert panel to verify any claim that it has achieved AGI. The company confirmed Sam Altman will not hold an equity stake after the conversion. Microsoft’s market value exceeded $4tn following the announcement.
Read at www.bbc.com
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